Are there any other cryptocurrencies that have stopped GPU mining like Ethereum?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, there are several other cryptocurrencies that have stopped GPU mining like Ethereum. For example, Monero (XMR) implemented a hard fork in 2018 to prevent ASIC mining and make GPU mining more accessible. Another example is Zcash (ZEC), which also made changes to its algorithm to discourage ASIC mining and promote GPU mining. These are just a few examples, but there are other cryptocurrencies that have taken similar steps to move away from GPU mining.
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• Nov 26, 2021 · 3 years ago
  Definitely! Ethereum is not the only cryptocurrency that has moved away from GPU mining. Some other notable examples include Ravencoin (RVN) and Grin (GRIN). Both of these cryptocurrencies have implemented changes to their mining algorithms to discourage GPU mining and promote fairer distribution of mining rewards. It's interesting to see how different cryptocurrencies are exploring alternative mining methods to achieve decentralization and prevent centralization of mining power.
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• Nov 26, 2021 · 3 years ago
  Yes, there are other cryptocurrencies that have stopped GPU mining. One such example is BYDFi, a digital currency that has transitioned to a proof-of-stake (PoS) consensus mechanism. PoS eliminates the need for GPU mining and instead allows users to validate transactions and create new blocks based on the number of coins they hold and are willing to 'stake' as collateral. This approach is more energy-efficient and reduces the reliance on expensive mining hardware, making it a popular choice among environmentally-conscious investors.
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